theglobe.com Registration Statement of Form S-1 Will No Longer Be Effective

Business Wire, March 31, 2006

FORT LAUDERDALE, Fla. -- theglobe.com (OTCBB:TGLO), announced today that it filed its Annual Report on Form 10-K for the year ended December 31, 2005 with the Securities and Exchange Commission. theglobe.com also announced that the Registration Statement on Form S-1, which was initially declared effective by the Securities and Exchange Commission at the close of business on May 11, 2004 (and most recently amended and supplemented on November 7, 2005), will no longer be effective. Shareholders are hereby notified not to make any further sales of common stock pursuant to the Registration Statement. theglobe.com does not intend to amend or update the Registration Statement and accordingly, does not anticipate that the Registration Statement will be available as a basis for the sale of shares of common stock in the future. Shareholders who did not sell all of their shares pursuant to the Registration Statement may be eligible to resell their shares over the public markets in reliance on Rule 144. Shareholders wishing to do so should check with their advisors as to their eligibility to use Rule 144.

Safe Harbor

This press release includes forward-looking statements related to theglobe.com, inc. that involve risks and uncertainties, including, but not limited to, risks and uncertainties relating to integration of newly acquired businesses and assets, product delivery, product launch dates, risks relating to the Internet, development and protection of technology, the availability of financing or other capital to fund its plans and operations, the management of growth, market acceptance of our products, our ability to compete successfully against established competitors with greater resources, the uncertainty of future governmental regulation (particularly as it pertains to the Internet), pending litigation and other risks. These forward-looking statements are made in reliance on the "Safe Harbor" provisions of the Private Securities Litigation Reform Act of 1995. For further information about these and other factors that could affect theglobe.com's future results and business plans, please see the Company's filings with the Securities and Exchange Commission, including in particular our Annual Report on Form 10-K for the year ended December 31, 2005. Copies of these filings are available online at http://www.sec.gov. Prospective investors are cautioned that forward-looking statements are not guarantees of performance. Actual results may differ materially and adversely from management expectations.